Hungarian Parliament building

Hungary Industrial production February 2023

Hungary: Industrial output growth softens in December

Industrial output expanded 1.1% year-on-year in December (November: +1.5% yoy), according to a preliminary estimate.

On a monthly basis, industrial output dropped 2.4% in seasonally-adjusted terms in December, following November’s softer 1.0% dip. Meanwhile, the trend pointed up, with the annual average variation of industrial production coming in at minus 7.1% in December, from November’s minus 7.4% reading.

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